Incorporated in 2010, Voler Cars Limited provides reliable and efficient employee transportation services (ETS) to large MNCs and corporate clients.
The company offers comprehensive home-to-office transportation with 24/7 customer service, dedicated teams, and over 2,500 vehicles, including cars, SUVs, electric vehicles, buses, and tempo travellers.
In FY 2023-24, the company completed approximately 3,23,550 trips, averaging over 884 visits daily.
The company operates in Kolkata, Mumbai, Pune, Bhubaneshwar, Delhi-NCR, and Ahmedabad, offering corporate transportation with vendor-sourced and leased vehicles, ensuring timely pick-ups and drop-offs per service level agreements (SLA).
The company integrates GPS tracking with third-party technology to manage corporate travel, handling reservations, tracking, incident response, and client SLAs through a unified system.
The company offers Employee Transportation Services (ETS) in Kolkata, Mumbai, Pune, Bhubaneswar, Delhi-NCR, and Ahmedabad, ensuring reliable home-to-office transportation with 24/7 operations for corporate clients.
As of December 31, 2024, the company has 774 Employees.
Competitive Strengths:
- Long-standing customer relationships
- An established brand built over the years through operational excellence
- Asset-light business model
- Experienced Promoters supported by a management and execution team
- Scalable business model
- Quality assurance of their service.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding working capital requirements of the Company | — |
| General Corporate Purposes. | — |
| IPO Issue expenses | — |
| Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 18 | 11 | 12 |
| Revenue | 22 | 31 | 27 |
| PAT | 2 | 4 | 2 |
| Net Worth | 11 | 3 | -0 |
| Reserves | 3 | 3 | -1 |
| Total Borrowing | 0 | 1 | 4 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 1,390,400 (46%) | — |
| NII / HNI | — | 419,200 (14%) | — |
| Retail (RII) | — | 977,600 (33%) | — |
| Market Maker | — | 212,800 (7%) | — |
| Total | — | 3,000,000 (100%) | — |
* Amount calculated at upper price band (₹90) · ** Total includes all investor categories
- 1 Initiation of Refund 18 Feb 2025
- 2 Credit of Shares to Demat 18 Feb 2025
- Retail allocation is good at 33% of the total offering.
- HNI/NII demand is good at 14%.
- Institutional (QIB) interest is strong at 46%.
- The IPO P/E of 20x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹4 compares to post-issue EPS of ₹4 after dilution.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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